George Weston Limited (TSE:WN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of George Weston Limited (TSE:WN) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$194.00.

Several research analysts have issued reports on the company. Desjardins dropped their price target on George Weston from C$192.00 to C$177.00 and set a “hold” rating on the stock in a report on Wednesday, August 2nd. BMO Capital Markets lowered their price objective on shares of George Weston from C$180.00 to C$172.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 2nd. Royal Bank of Canada lifted their price objective on shares of George Weston from C$214.00 to C$219.00 in a research report on Monday. Scotiabank lowered their price objective on shares of George Weston from C$183.00 to C$181.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 2nd. Finally, CIBC lifted their price objective on shares of George Weston from C$209.00 to C$215.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd.

George Weston Price Performance

TSE WN opened at C$164.39 on Friday. The stock has a market capitalization of C$22.67 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.70 and a beta of 0.40. George Weston has a 1 year low of C$144.41 and a 1 year high of C$183.92. The business’s fifty day moving average is C$152.24 and its two-hundred day moving average is C$156.51. The company has a debt-to-equity ratio of 157.19, a quick ratio of 0.73 and a current ratio of 1.39.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada and internationally. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy, health and beauty, apparel, general merchandise, and financial services.